TOCVAN DISCOVERS NEW GOLD-SILVER ZONE 1,600 METERS FROM MAIN ZONE AT SOUTH BLOCK GRAN PILAR; FIRST AGGRESSIVE STEP-OUT DRILLING INTERSECTS MINERALIZATION FROM SURFACE
Executive Summary
The discovery validates Tocvan's targeting methodology and demonstrates the district-scale potential of the Gran Pilar system. The new mineralized zone sits within the northern portion of a 1,200-meter-long magnetic anomaly that hosts some of the highest-grade gold-in-soil and rock sample results identified across the entire property, with values up to 2.4 g/t gold and 21.9 g/t silver in soils, and 2.7 g/t gold with 17 g/t silver in rock samples. This correlation between geophysical signatures, surface geochemistry, and drill results confirms the effectiveness of the company's integrated exploration approach.
The implications of this discovery extend well beyond the immediate drill results. By proving mineralization extends significantly beyond the Main Zone, Tocvan has effectively opened a new mineralized corridor that increases the overall scale potential of the project. This expansion supports the possibility of developing larger open-pit resources, which could significantly enhance project economics and accelerate the pathway to near-term production through the company's planned pilot facility.
The discovery comes as part of Tocvan's fully funded 20,000-meter drill program, with over 2,400 meters already completed. The company continues active drilling 300 meters east of this new discovery to test the current eastern limits of known mineralization. With successful completion of condemnation drilling for the pilot mine facility and ongoing exploration across multiple high-priority targets, Tocvan appears well-positioned to continue expanding this discovery while advancing toward pilot production. The early success in the South Block demonstrates that systematic exploration of the Gran Pilar district can deliver immediate results, providing strong momentum for continued resource expansion and value creation.
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